This journey wouldnโt be possible without YOU! โค๏ธ To everyone supporting, engaging, and standing with me โ Shaheen69 is sharing some BNB rewards with the community! ๐
Keep believing, keep building, and letโs grow together! ๐ Your support means everything. ๐ซถ
๐งง๐งง๐งง US August ADP employment data came in below expectations, further reinforcing market expectations for a rate cut and providing some support to risk assets. At the same time, institutions have been making frequent moves. Standard Chartered Bank announced the launch in the UAE of spot trading services for Bitcoin ($BTC) and Ethereum ($ETH) aimed at institutional clients, while XRP-related ETF inflows have also remained steady. Overall, the broader market is in a high-level digestion phase in the short term; it is important to keep monitoring key support levels and changes in macro data. Follow meโanswer 1 to take away a double $SOL red envelope ๐งง๐งง๐งง
#็พๅฝ็ปญ่ฏทๅคฑไธ้ไบบๆฐ้่ณ177.9ไธ Data is favorable, but the order book canโt move upโwhen it should be empty, then it should be empty. Tonightโs initial jobless claims data is out: 206,000, slightly higher than the expected 205,000. The data is somewhat favorable. Big BTC (the big coin) went from 779 to 787, but what happens after the pump? It surged and then pulled back. Now itโs back testing around 785. If it wonโt rise, then itโs weak. At the current price around 785, short directly. If the market canโt be pushed by the data, what are you expecting it to keep going up for? $BTC #็พๅฝ็ปญ่ฏทๅคฑไธ้ไบบๆฐ้่ณ177.9ไธ $BNB #็พๅฝๅ่ฏทๅคฑไธ้ไบบๆฐๅ่ณ20.6ไธ ๐ค๐ค๐ค
๐ฅ$SOL is holding the breakout zone but the next few 4H candles could decide whether bulls push higher or sellers take control.
$SOL
is trading around $103.76 on the 4H chart after a strong move from the $98.14 area toward $105.88. Price is now consolidating instead of immediately giving back the rally, which keeps the short-term structure constructive.
The moving averages support the bullish case: MA7 = $103.25, MA25 = $101.87, and MA99 = $97.76. Price remains above all three, showing that buyers still have control of the broader 4H structure.
The key zone is $103.20โ$101.90. Holding this area could keep the recovery intact. On the upside, $104.50โ$105.88 is the first major resistance zone, with $106.27 sitting just above it.
One interesting detail: funding is slightly negative at -0.00394%, while the order book shows roughly 53.23% buy vs 46.77% sell. That suggests positioning is not excessively crowded on the long side.
My take: Iโd rather see SOL defend $103 before calling for another push toward $105โ$106. A clean 4H breakout above $105.88 would strengthen the bullish setup.
Do you think $SOL breaks $105.88 next, or revisits $102 first?